Tom recently inherited a large sum of money that he wants to invest in the stock market.Since he has no investment experience,he has decided that he would like to work with a professional who can explain the market to him and also manage his funds for him.Ted most likely needs the services offered by a(n):
A) deep-discount broker.
B) discount broker.
C) full-service broker.
D) online broker.
E) cyber broker.

Question

Quizplus · Accepted Answer

Tom needs the services of a full-service broker as he requires guidance and management of his funds. Full-service brokers provide a range of services, including investment advice, market research, and portfolio management, which would cater to Tom's requirements. Discount brokers and online brokers offer limited services and are more suitable for experienced investors. Deep-discount brokers and cyber brokers are terms that do not accurately describe legitimate brokerage firms.

Tom Recently Inherited a Large Sum of Money That He